XRP (XRP) pulled back sharply after failing to break above $1.680, dropping below key support levels as bearish momentum took hold across a broader crypto market correction that also dragged down Bitcoin (BTC) and Ethereum (ETH).
What Happened: XRP Correction Deepens
The token slid below $1.60 and $1.550 after buyers lost control near $1.620. The decline broke through the 61.8% Fibonacci retracement level of the move from the $1.3475 swing low to the $1.6713 high.
A key bullish trend line with support at $1.4880 on the XRP/USD hourly chart also gave way.
The price now trades above $1.4620 and the 100-hourly Simple Moving Average, with bulls defending the $1.450 zone.
On the upside, resistance sits at $1.50 and $1.510, with a break above $1.5450 needed to open a path toward $1.580 and $1.620. A failure to clear $1.510 could trigger a fresh drop toward $1.4240 — the 76.4% Fibonacci retracement level — with deeper support at $1.40 and $1.360.
The hourly MACD is gaining pace in bearish territory. The RSI has fallen below 50, reinforcing the near-term downward bias.
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Why It Matters: Key Levels Tested
The pullback is significant because it erased more than 61.8% of XRP's prior rally, a threshold that often signals a shift from healthy correction to potential trend reversal. The break below the bullish trend line at $1.4880 removed a structural support that had guided the uptrend on the hourly chart.
Whether bulls can hold the $1.440 floor will likely determine XRP's short-term direction. A sustained break below $1.4240 would push the token into a broader decline, while reclaiming $1.510 could reignite upward momentum toward previous highs near $1.640.
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